A Bullish Butterfly long idea on STAR (Strides Shasun)

The stock is downtrend from few months and it has touched its multi year support of 820 which is acting as a Strong potential reversal Zone(PRZ),a pin bar was formed due to result volatility, Hence A trade can be initiated on 2 completed green candle which confirm the reversal of the trend.

Entry- 841.5

SL- 817

Target 1:-894.2

Target 2:- 921

Harmonic Patterns

Disclaimer